Updating Summary Prospectus (Form 497VPU)

Table of Contents 

	Page
Contacting NYLIAC	1
Definitions	2
Updated Information About Your Policy	4
Important Information You Should Consider About The Policy	6
Appendix 1A	1A -1
Appendix 1B	1B -1
Appendix 1C	1C -1

Contacting NYLIAC

Certain service requests, including but not limited to, death benefit claims and surrenders, are required to be in writing. All written service requests (except for subsequent premium payments and loan repayments) must be sent to the NYLIAC Variable Products Service Center (VPSC) at one of the following addresses: 

	Regular Mail	Express Mail
All written service requests (except for payments)	NYLIAC Variable Products Service Center Madison Square Station P.O. Box 922 New York, NY 10159	NYLIAC Variable Products Service Center 51 Madison Avenue Floor 3B, Room 0304 New York, NY 10010
Death Claim forms may also be submitted to	Regular Mail
	New York Life P.O. Box 130539 Dallas, TX 75313-0539

Premium payments and loan repayments should be sent to the VPSC at one of the following addresses (acceptance of subsequent premium payments is subject to the sales standards we use to evaluate whether a recommended transaction related to your policy complies with applicable standards of conduct): 

	Regular Mail	Express Mail
Premium Payments and Loan Repayments	NYLIAC 75 Remittance Drive Suite 3021 Chicago, IL 60675-3021	NYLIAC 5450 N Cumberland Avenue Suite 100 Chicago, IL 60656-1422

Written service requests will be effective as of the Business Day they are received in Good Order at our service center at one of the addresses listed above. We consider a transaction to be in "Good Order" if it complies with our administrative procedures and all relevant laws and regulations, and the required information is complete and correct. Good Order means the actual receipt by us of instructions relating to the requested transaction in writing (or, if permitted, by telephone or electronically), along with all forms and other information or documentation necessary to complete the request. Faxed and e-mailed requests are not currently accepted.

Definitions

Accumulation Unit-An accounting unit we use to calculate the Variable Accumulation Value prior to the Annuity Commencement Date. Each Investment Division of the Separate Account has a distinct variable Accumulation Unit value.

Accumulation Value-The sum of the Variable Accumulation Value and the DCA Advantage Account Accumulation Value of a policy by any withdrawals in excess of any gain in the policy.

Advisory Fee -The amount we allow to be taken from your policy's Accumulation Value, or for policies issued in New York, the amount paid from assets outside of the policy as designated by the policy owner, to pay the Investment Adviser for investment advisory services relating to the policy. The fee is set by the Investment Adviser and is covered in a separate agreement between you and the Investment Adviser. We allow an annual Advisory Fee of up to 1.0% of your Accumulation Value, which is calculated and collected monthly. For all states other than New York, Advisory Fees reduce your Accumulation Value by the amount of the fee.

Business Day-Generally, any day on which the New York Stock Exchange (NYSE) is open for trading. Our Business Day ends at 4:00 p.m. Eastern Time or the close of regular trading of the NYSE, if earlier.

Dollar Cost Averaging (DCA) Advantage Account- A non-variable allocation option to which you may allocate Premium Payments, subject to the limitations described on the Policy Data Page, and from which amounts are transferred to the Investment Divisions proportionally on a monthly basis. The DCA Advantage Account duration is shown on the Policy Data Page. We credit the DCA Advantage Account with a fixed interest rate. The benefits payable under the DCA Advantage Account (including principal and interest) are payable from NYLIAC's general account and are subject to the claims-paying ability of NYLIAC.

Dollar Cost Averaging (DCA) Advantage Account Accumulation Value-The sum of premium payments allocated to the DCA Advantage Account, plus interest credited on those premium payments, less any transfers and partial withdrawals from the DCA Advantage Account, and rider charges deducted from the DCA Advantage Account. The DCA Advantage Account Accumulation Value will never be less than the DCA Advantage Account portion of the Nonforfeiture Value.

Investment Adviser-Eagle Strategies LLC, an investment adviser registered with the SEC under the Investment Advisers Act of 1940, as amended. The Investment Adviser is an affiliate of NYLIAC.

Investment Division-The variable investment options available under the policy. Each Investment Division invests exclusively in shares of a specified Portfolio.

Investment Preservation Rider or IPR-Investment Preservation Rider - Advisory.

IPR Free Withdrawal Amount-The maximum amount in any given Policy Year that is not subject to the IPR Termination and Withdrawal Charge. Such maximum amount is equal to (a) the greater of either (i) 20% of the IPR Guaranteed Amount as of the last Policy Anniversary (or the sum of all premium payments if assessed in the first policy year) or (ii) the required minimum distribution applicable to the policy as of the last Policy Anniversary, minus (b) any prior Guaranteed Amount Proportional Reductions made during the current Policy Year that were free of a Termination and Withdrawal Charge.

IPR Guaranteed Amount-The IPR Guaranteed Amount will equal a percentage of the sum of all premium payments made in the first Policy Year, less all IPR Guaranteed Amount Proportional Reductions made during the rider Holding Period.

IPR Guarantee Percentage-The percentage used to calculate the IPR Guaranteed Amount. This percentage is shown on your IPR rider data page.

IPR Reset-Changing the guaranteed amount of the Investment Preservation Rider to a new IPR Guaranteed Amount. After reset, the new IPR Guaranteed Amount will be equal to the IPR Guarantee Percentage of your Accumulation Value on the policy anniversary following your request, less any applicable reductions.

IPR Termination and Withdrawal Charge-A charge that applies during the first three Policy Years and is assessed if the policy owner (i) cancels the IPR; (ii) surrenders the policy; and/or (iii) takes a partial withdrawal in excess of the IPR Free Withdrawal Amount. The charge is calculated as a percentage of the IPR Guaranteed Amount that exceeds

the IPR Free Withdrawal Amount for (i) and (ii), and for (iii), as a percentage of the IPR Guaranteed Amount Proportional Reductions that exceeds the IPR Free Withdrawal Amount.

NYLIAC, we, our or us-New York Life Insurance and Annuity Corporation.

Policy Anniversary-An anniversary of the Policy Date shown on the Policy Data Page.

Policy Year-A year starting on the Policy Date. Subsequent Policy Years begin on each Policy Anniversary, unless otherwise indicated.

Portfolios -The mutual fund portfolios in which the corresponding Investment Divisions invest.

Separate Account-NYLIAC Variable Annuity Separate Account-III, a segregated asset account we established to receive and invest premium payments paid under the policies. The Separate Account's Investment Divisions, in turn, purchase shares of Portfolios.

Variable Accumulation Value-The sum of the current Accumulation Unit value(s) for each of the Investment Divisions multiplied by the number of Accumulation Units held in the respective Investment Division.

Updated Information About Your Policy  

The Information in this Updating Summary Prospectus is a summary of certain policy features that have changed since May 1, 2025. This may not reflect all changes that have occurred since you purchased your policy.
Name Change of Trust and Portfolios	The name of the New York Life Investments VP Funds Trust has changed to NYLIM VP Funds Trust. All references to NYLI in the Portfolio names are deleted and replaced with NYLIM.
The following Portfolios are added as available Investment Divisions under the policy	American Funds® IS Growth - Income Fund - Class 4
	Columbia Variable Portfolio - Small Company Growth Fund - Class 2
	Fidelity® VIP International Capital Appreciation Portfolio - Service Class 2
	Franklin Gold and Precious Metals VIP Fund - Class 2
	Goldman Sachs VIT International Equity Insights Fund - Service Class
	Lord Abbett Series Fund, Inc - Short Duration Income Portfolio - Class VC
	Voya Intermediate Bond Portfolio - Class S
The names of the following Portfolios have been changed	NYLIM VP American Century Large Cap Equity (formerly NYLI American Century Sustainable Equity) - Service Class
	American Funds® IS SMALLCAP World Fund® (formerly American Funds® IS Global Small Capitalization Fund) - Class 4
	Columbia Variable Portfolio - Small Cap Value Discovery Fund (formerly Columbia Variable Portfolio - Small Cap Value Fund) - Class 2
	LVIP ClearBridge Appreciation Fund (formerly ClearBridge Variable Appreciation Portfolio) - Service Class
	MFS® International Intrinsic Equity Portfolio (formerly MFS® International Intrinsic Value Portfolio) - Service Class
	Nomura VIP Small Cap Value Series (formerly Macquire VIP Small Cap Value Series) - Service Class
The following advisers were changed	References to Delaware Management Company, a series of Macquarie Investment Management Business Trust, the adviser to the prior Macquarie VIP Small Cap Value Series - Service Class were deleted and replaced with Delaware Management Company, a series of Nomura Investment Management Business Trust.
	References to Franklin Templeton Fund Adviser, LLC, the adviser to the prior ClearBridge Variable Appreciation Portfolio - Service Class II were deleted and replaced with Lincoln Financial Investments Corporation.
The following subadviser was deleted	References to Macquarie Investment Management Global Limited, the subadviser to the prior Macquarie VIP Small Cap Value Series - Service Class were deleted.
Closure of Portfolio to New Investments	On May 1, 2026, Western Asset Core Plus VIT Portfolio - Class II was closed to all policyowners except those policyowners who already had Accumulation Value invested as of the closure date.
Limits on Transfers	The limits on transfers section has been updated to reflect how we handle standing allocation instructions when a transfer request is not accepted by any one of the Portfolios.
IPR Holding Period	The 7 year Holding Period under the IPR is now available in Oregon and Virginia.
Policy Application and Premium Payments	The maximum aggregate amount of premium payments accepted without prior NYLIAC approval has been changed from $1,000,000 to $2,000,000.

Important Information You Should Consider About The Policy  

	FEES, EXPENSES AND ADJUSTMENTS	LOCATION IN PROSPECTUS
Are There Charges for Early Withdrawals?	No. We do not assess any early withdrawal charges on the base contract. If, however, you purchase the IPR, you will be assessed an IPR Termination and Withdrawal Charge if you surrender your policy within the first three Policy Years. The maximum charge is 2% of the IPR Guaranteed Amount that exceeds the IPR Free Withdrawal Amount. For example, if your IPR Guaranteed Amount is $100,000 and you surrender your policy within the first three Policy Years, you could pay an IPR Termination and Withdrawal Charge of $1,600.00. For the IPR Termination and Withdrawal Charge applicable to policies issued in New York, see APPENDIX 2 - State Variations in the Prospectus. There could be additional deductions for taxes and/or tax penalties.	CHARGES AND DEDUCTIONS - Transaction Expenses - IPR Termination and Withdrawal Charge - Policy Surrender within the first 3 Policy Years FEE TABLE
Are There Transaction Charges?	Yes. We reserve the right to assess a transaction charge if you transfer cash value between investment options more than 25 times a year, or if a premium payment is returned for insufficient funds. Although we do not currently charge for such transactions, we reserve the right to charge up to $30 per transaction. If you elect the IPR, you will be assessed an IPR Termination and Withdrawal Charge if you (i) cancel the IPR; (ii) surrender the policy; and/or (iii) take a partial withdrawal in excess of the IPR Free Withdrawal Amount during the first three Policy Years.	CHARGES AND DEDUCTIONS - Transaction Expenses FEE TABLE
Are There Ongoing Fees and Expenses?	Yes. The table below describes the fees and expenses that you may pay each year, depending on the investment options and optional benefits you choose. Please refer to your Policy Data Page for information about the specific fees you will pay each year based on the options you have elected. The fees and expenses do not reflect any Advisory Fees paid to the Investment Adviser. If such fees were reflected, the fees and expenses disclosed below would be higher.	CHARGES AND DEDUCTIONS - Annual Policy Expenses; Annual Portfolio Expenses; Optional Benefit Expenses FEE TABLE

 

	ANNUAL FEE	MINIMUM	MAXIMUM
	Base contract1	0.30%	0.40%	CHARGES AND DEDUCTIONS - Annual Policy Expenses
	Portfolio fees and expenses2	0.37%	1.42%	CHARGES AND DEDUCTIONS - Annual Portfolio Expenses
	Optional benefits available for an additional charge (for a single optional benefit, if elected)3	0.25%	0.80%4	CHARGES AND DEDUCTIONS - Optional Benefit Expenses

	1 As an annualized percentage of daily Variable Accumulation Value 2 As a percentage of average net Portfolio assets. The range in fees and expenses is for the year ended December 31, 2025 and will change from year to year. 3 The minimum fee reflects the current charge for the Annual Death benefit Rider, calculated as an annualized percentage of the amount guaranteed under the rider. The maximum fee reflects the current charge for the IPR (7 Year Holding Period), calculated as a percentage of the amount that is guaranteed under the IPR. 4 If you elect the IPR and cancel it, take a withdrawal in excess of the IPR Free Withdrawal Amount or surrender the policy within the first three Policy Years, the IPR Termination and Withdrawal Charge could substantially increase costs.
	Because your policy is customizable, the choices you make affect how much you will pay. To help you understand the cost of owning your policy, the following table shows the lowest and highest cost you could pay each year, based on current charges. This estimate assumes that you do not take withdrawals from the policy.
	LOWEST ANNUAL COST:   $743.86	HIGHEST ANNUAL COST   $2,464.39
	Assumes: •Investment of $100,000 •5% annual appreciation •Least expensive combination of Base Contract Charges and Portfolio fees and expenses •No optional benefits •No sales charges or Advisory Fees •No additional purchase payments, transfers or withdrawals	Assumes: •Investment of $100,000 •5% annual appreciation •Most expensive combination of Base Contract Charges, optional benefits, and Portfolio fees and expenses •No sales charges or Advisory Fees •No additional purchase payments, transfers or withdrawals

 

	RISKS	LOCATION IN PROSPECTUS
Is There a Risk of Loss from Poor Performance?	Yes. You can lose money by investing in this policy.	PRINCIPAL RISKS OF INVESTING IN THE POLICY
Is This a Short-Term Investment?	No. This policy is not designed for short-term investing and may not be appropriate for an investor who readily needs access to cash. The benefits of tax deferral and living benefit protections also mean the policy is more beneficial to investors with a long time horizon. If you elect the IPR, you will not receive a benefit under the rider unless you hold the policy for at least the specified holding period applicable to the rider. Moreover, if you withdraw more than the IPR Free Withdrawal Amount (not including withdrawals to pay Advisory Fees in states other than New York) within the first three Policy Years, you will incur an IPR Termination and Withdrawal Charge, which could substantially increase your costs under the Policy. Withdrawals may also be subject to federal and state income taxes and tax penalties.	PRINCIPAL RISKS OF INVESTING IN THE POLICY

Appendix 1A

Investment Options Available Under the Policy

The following is a list of Portfolios available under the policy, which is subject to change, as discussed in the prospectus. Depending on the optional benefits you choose, you may not be able to invest in certain Portfolios. You can find the prospectuses and other information about the Portfolios online at https://dfinview.com/NewYorkLife/TAHD/premieradvisory. You can also request this information at no cost by calling the VPSC at 1-800-598-2019 or by sending an email request with your name and mailing address to [email protected].

The current expenses and performance information below reflects fees and expenses of the Portfolios but does not reflect the other fees and expenses that your policy or the Investment Advisor may charge. Expenses would be higher and performance would be lower if these charges were included. Each Portfolio's past performance is not necessarily an indication of future performance.

If you purchased the IPR, you may not be able to invest in certain Portfolios. Your available allocation options are listed in APPENDIX 1B and Appendix 1C. 

Type	Portfolio Adviser/Sub-adviser	Current Expenses*	Average Annual Total Returns (as of 12/31/25)
			1 year	5 year	10 year
Large Cap Equity	NYLIM VP American Century Large Cap Equity (formerly NYLI VP American Century Sustainable Equity) - Service Class   Adviser: New York Life Investment Management LLC ("New York Life Investments") / Subadviser: American Century Investment Management, Inc.	0.93%	11.06%	13.68%	11.58%
Asset Allocation	NYLIM VP Balanced (formerly NYLI VP Balanced) - Service Class   Adviser: New York Life Investments / Subadvisers: NYL Investors LLC ("NYL Investors") and Wellington Management Company LLP ("Wellington")	0.97%	11.16%	7.14%	7.04%
Investment Grade Bond	NYLIM VP Bond (formerly NYLI VP Bond) - Service Class   Adviser: New York Life Investments / Subadviser: NYL Investors	0.80%	6.57%	(0.88)%	1.71%
Sector	NYLIM VP CBRE Global Infrastructure (formerly NYLI VP CBRE Global Infrastructure) - Service Class   Adviser: New York Life Investments / Subadviser: CBRE Investment Management Listed Real Assets LLC	1.20%	15.31%	6.79%	2.39%
Asset Allocation	NYLIM VP Conservative Allocation (formerly NYLI VP Conservative Allocation) - Service Class   Adviser: New York Life Investments	0.80%	9.29%	3.67%	5.14%

Type	Portfolio Adviser/Sub-adviser	Current Expenses*	Average Annual Total Returns (as of 12/31/25)
			1 year	5 year	10 year
Investment Grade Bond	PIMCO VIT Short-Term Portfolio - Advisor Class   Adviser: PIMCO	0.75%	4.57%	3.14%	2.65%
Investment Grade Bond	PIMCO VIT Total Return Portfolio - Advisor Class   Adviser: PIMCO	0.83%	8.78%	(0.08)%	2.26%
Sector	Principal VC Real Estate Securities Account - Class 2   Adviser: Principal Global Investors, LLC / Subadviser: Principal Real Estate Investors, LLC	1.03%	0.92%	4.61%	5.67%
International/ Global Equity	Putnam VT International Value Fund - Class IB   Adviser: Putnam Investment Management, LLC / Subadvisers: Franklin Advisers, Inc., Franklin Templeton Investment Management Limited and The Putnam Advisory Company, LLC	1.06%	34.68%	12.49%	8.86%
Large Cap Equity	Voya Growth and Income Portfolio - Class S   Adviser: Voya Investments, LLC ("Voya") / Subadviser: Voya Investment Management Co. LLC ("VIM")	0.92%	17.94%	15.18%	14.33%
Investment Grade Bond	Voya Intermediate Bond Portfolio - Class S   Adviser: Voya / Subadviser: VIM	0.80%	7.46%	(0.09)%	2.42%
Investment Grade Bond	Western Asset Core Plus VIT Portfolio - Class II+   Adviser: FTFA / Subadvisers: Western Asset Management Company, LLC; Western Asset Management Company Limited; Western Asset Management Company Ltd.; and Western Asset Management Company Pte. Ltd.	0.79%	7.69%	(1.67)%	1.85%

all your Accumulation Value is removed from the Investment Division on or after May 1, 2026. 

  The following is a list of fixed options currently available under the policy. We may change the features of the fixed options listed below and offer new fixed options. We will provide you with written notice before doing so. 

Name	Term	Guaranteed Minium Interest Rate
DCA Advantage Account	6 months	0.05%

Appendix 1B

Investment Divisions with IPR (10-year Holding Period option for policies with an application signed on or after May 1, 2025; 12-15 year Holding Period options)

Option 1 - Franklin Templeton Model Portfolios 

Moderately Aggressive		Moderate
100%	Franklin Templeton Moderately Aggressive Model Portfolio	100%	Franklin Templeton Moderate Model Portfolio
Moderately Conservative
100%	Franklin Templeton Moderately Conservative Model Portfolio

Option 2 - Choose Your Own Investment Divisions 

Category A:
Minimum Allocation	30 %
Maximum Allocation	100 %
Subcategory I Funds (Minimum Allocation 10% - total among all the subcategory I Funds)
NYLIM VP Bond NYLIM VP MacKay U.S. Infrastructure Bond NYLIM VP PIMCO Real Return NYLIM VP U.S. Government Money Market American Funds® IS The Bond Fund of America® American Funds® IS Capital World Bond Fund® American Funds® IS U.S. Government Securities Fund® Columbia Variable Portfolio - Intermediate Bond Fund Fidelity® VIP Bond Index Portfolio Fidelity® VIP Investment Grade Bond Portfolio		Lord Abbett Series Fund, Inc. - Short Duration Income Port PIMCO VIT Income Portfolio PIMCO VIT International Bond Port (U.S. Dollar-Hedged) PIMCO VIT Low Duration Portfolio PIMCO VIT Short-Term Portfolio PIMCO VIT Total Return Portfolio Voya Intermediate Bond Portfolio Western Asset Core Plus VIT Portfolio
Subcategory II Funds
NYLIM VP Floating Rate NYLIM VP MacKay High Yield Corporate Bond NYLIM VP MacKay Strategic Bond		BlackRock® High Yield V.I. Fund Columbia Variable Portfolio - Emerging Markets Bond
Category B:
Minimum Allocation	0 %
Maximum Allocation	70 %
Category B Funds
NYLIM VP American Century Large Cap Equity NYLIM VP Dimensional U.S. Equity NYLIM VP Epoch U.S. Equity Yield NYLIM VP Hedge Multi-Strategy NYLIM VP MacKay Convertible NYLIM VP MFS® Investors Trust NYLIM VP MFS® Research NYLIM VP S&P 500 Index NYLIM VP Winslow Large Cap Growth AB VPS Relative Value Portfolio		American Funds® IS Growth Fund American Funds® IS Growth-Income Fund American Funds® IS Washington Mutual Investors Fund BNY Mellon Sustainable U.S. Equity Portfolio DWS Alternative Asset Allocation VIP Fidelity® VIP ContrafundSM Portfolio Fidelity® VIP Equity-Income PortfolioSM Fidelity® VIP Growth Opportunities Portfolio LVIP ClearBridge Appreciation Fund Voya Growth and Income Portfolio

Category C:
Minimum Allocation	0 %
Maximum Allocation	25 %
Subcategory I Funds (Maximum Allocation 15% - total among all the subcategory I Funds)
NYLIM VP Schroders Mid Cap Opportunities NYLIM VP Small Cap Growth NYLIM VP Wellington Small Cap Columbia Variable Portfolio - Small Cap Value Discovery Columbia Variable Portfolio - Small Company Growth Fidelity® VIP Extended Market Index Portfolio Fidelity® VIP Mid Cap Portfolio		Invesco V.I. Main Street Small Cap Fund® Janus Henderson Enterprise Portfolio MFS® Mid Cap Value Portfolio Neuberger Berman AMT Mid Cap Growth Portfolio Nomura VIP Small Cap Value Series
Subcategory II Funds (Maximum Allocation 15% - total among all the subcategory II Funds)
NYLIM VP PineStone International Equity American Funds® IS New World Fund® American Funds® IS SMALLCAP World Fund® Fidelity® VIP Emerging Markets Portfolio Fidelity® VIP International Capital Appreciation Portfolio Fidelity® VIP International Index Portfolio		Goldman Sachs VIT International Equity Insights Fund Invesco V.I. EQV International Equity Fund Janus Henderson Global Research Portfolio MFS® International Intrinsic Equity Portfolio MFS® Research International Portfolio Putnam VT International Value Fund
Subcategory III Funds (Maximum Allocation 10% - total among all the subcategory III Funds)
NYLIM VP CBRE Global Infrastructure NYLIM VP Fidelity Institutional AM® Utilities NYLIM VP Natural Resources NYLIM VP Newton Technology Growth		Fidelity® VIP Health Care Portfolio Franklin Gold and Precious Metals VIP Fund Principal VC Real Estate Securities Account

Option 3 - Asset Allocation Funds: 

Category D:
Minimum Allocation	100 %
Category D Asset Allocation Funds
NYLIM VP Balanced NYLIM VP Conservative Allocation NYLIM VP Income Builder NYLIM VP Janus Henderson Balanced NYLIM VP Moderate Allocation American Funds® IS Asset Allocation Fund BlackRock® Global Allocation V.I. Fund Fidelity® VIP FundsManager® 60% Portfolio Franklin Templeton Moderately Aggressive Model Portfolio Franklin Templeton Moderate Model Portfolio Franklin Templeton Moderately Conservative Model Portfolio Franklin Templeton Conservative Model Portfolio

Appendix 1C

Investment Divisions available with IPR (10-year Holding Period option for policies with an application signed before May 1, 2025; 7-year Holding Period option)

Option 1 - Franklin Templeton Model Portfolios 

Moderate		Moderately Conservative
100%	Franklin Templeton Moderate Model Portfolio	100%	Franklin Templeton Moderately Conservative Model Portfolio

Option 2 - Choose Your Own Investment Divisions 

Category A:
Minimum Allocation	40 %
Maximum Allocation	100 %
Subcategory I Funds (Minimum Allocation 10% - total among all the subcategory I Funds)
NYLIM VP Bond NYLIM VP MacKay U.S. Infrastructure Bond NYLIM VP PIMCO Real Return NYLIM VP U.S. Government Money Market American Funds® IS The Bond Fund of America® American Funds® IS Capital World Bond Fund® American Funds® IS U.S. Government Securities Fund® Columbia Variable Portfolio - Intermediate Bond Fund Fidelity® VIP Bond Index Portfolio Fidelity® VIP Investment Grade Bond Portfolio		Fidelity® VIP Investment Grade Bond Portfolio Lord Abbett Series Fund, Inc. - Short Duration Income Port PIMCO VIT Income Portfolio PIMCO VIT International Bond Port (U.S. Dollar-Hedged) PIMCO VIT Low Duration Portfolio PIMCO VIT Short-Term Portfolio PIMCO VIT Total Return Portfolio Voya Intermediate Bond Portfolio Western Asset Core Plus VIT Portfolio
Subcategory II Funds
NYLIM VP Floating Rate NYLIM VP MacKay High Yield Corporate Bond NYLIM VP MacKay Strategic Bond		BlackRock® High Yield V.I. Fund Columbia Variable Portfolio - Emerging Markets Bond
Category B:
Minimum Allocation	0 %
Maximum Allocation	60 %
Category B Funds
NYLIM VP American Century Large Cap Equity NYLIM VP Dimensional U.S. Equity NYLIM VP Epoch U.S. Equity Yield NYLIM VP Hedge Multi-Strategy NYLIM VP MacKay Convertible NYLIM VP MFS® Investors Trust NYLIM VP MFS® Research NYLIM VP S&P 500 Index NYLIM VP Winslow Large Cap Growth AB VPS Relative Value Portfolio		American Funds® IS Growth Fund American Funds® IS Growth-Income Fund American Funds® IS Washington Mutual Investors Fund BNY Mellon Sustainable U.S. Equity Portfolio DWS Alternative Asset Allocation VIP Fidelity® VIP ContrafundSM Portfolio Fidelity® VIP Equity-Income PortfolioSM Fidelity® VIP Growth Opportunities Portfolio LVIP ClearBridge Appreciation Fund Voya Growth and Income Portfolio

Category C:
Minimum Allocation	0 %
Maximum Allocation	25 %
Subcategory I Funds (Maximum Allocation 15% - total among all the subcategory I Funds)
NYLIM VP Schroders Mid Cap Opportunities NYLIM VP Small Cap Growth NYLIM VP Wellington Small Cap Columbia Variable Portfolio - Small Cap Value Discovery Columbia Variable Portfolio - Small Company Growth Fidelity® VIP Extended Market Index Portfolio Fidelity® VIP Mid Cap Portfolio		Invesco V.I. Main Street Small Cap Fund® Janus Henderson Enterprise Portfolio MFS® Mid Cap Value Portfolio Neuberger Berman AMT Mid Cap Growth Portfolio Nomura VIP Small Cap Value Series
Subcategory II Funds (Maximum Allocation 15% - total among all the subcategory II Funds)
NYLIM VP PineStone International Equity American Funds® IS New World Fund® American Funds® IS SMALLCAP World Fund® Fidelity® VIP Emerging Markets Portfolio Fidelity® VIP International Capital Appreciation Porfolio Fidelity® VIP International Index Portfolio		Goldman Sachs VIT International Equity Insights Fund Invesco V.I. EQV International Equity Fund Janus Henderson Global Research Portfolio MFS® International Intrinsic Equity Portfolio MFS® Research International Portfolio Putnam VT International Value Fund
Subcategory III Funds (Maximum Allocation 10% - total among all the subcategory III Funds)
NYLIM VP CBRE Global Infrastructure NYLIM VP Fidelity Institutional AM® Utilities NYLIM VP Natural Resources NYLIM VP Newton Technology Growth		Fidelity® VIP Health Care Portfolio Franklin Gold and Precious Metals VIP Fund Principal VC Real Estate Securities Account

Option 3 - Asset Allocation Funds: 

Category D:
Minimum Allocation	100 %
Category D Asset Allocation Funds
NYLIM VP Balanced NYLIM VP Conservative Allocation NYLIM VP Income Builder NYLIM VP Janus Henderson Balanced NYLIM VP Moderate Allocation BlackRock® Global Allocation V.I. Fund Fidelity® VIP FundsManager® 60% Portfolio Franklin Templeton Moderate Model Portfolio Franklin Templeton Moderately Conservative Model Portfolio Franklin Templeton Conservative Model Portfolio

This Summary Prospectus incorporates by reference the New York Life Premier Advisory Variable Annuity full statutory prospectus and the Statement of Additional Information (SAI), both dated May 1, 2026, as amended or supplemented. The full statutory prospectus and the SAI are posted on our website, https://dfinview.com/NewYorkLife/TAHD/premieradvisory. The full prospectus and SAI for the policy may be obtained, free of charge, in any manner shown on the front page of this Summary Prospectus.

Reports and other information about the Separate Accounts are available on the SEC's website at https://www.sec.gov, and copies of this information may be obtained, upon payment of a duplicating fee, by electronic request at the following email address: [email protected].